Syllabus Template: 2024-2025 Note: The following, at a minimum

Syllabus Template: 2024-2025

Note: The following, at a minimum, must be included on all course syllabi. It is

extremely important that the syllabus is reviewed with the students at the start of

the term, preferably on the first day of class.

Course Information

• Course Number and Title: ECO 2023 Principles of Microeconomics

• Credit Hours: 3 credits

• Academic Term: Fall 2024

Instructor Information

• Instructor: Dr. Paul Hettler

• Office Location: To be determined

• Office Hours: To be determined

• Email address: phettler@floridapoly.edu

Course Delivery and Course Description

• Delivery Mode: Face-to-face; Monday, Wednesday, and Friday, 12:00-12:50 pm

• Course Website: To be determined

• Official Catalog Course Description:

o Theories of production, determination of prices and distribution of income in regulated and

unregulated industries are discussed. Attention is also given to industrial relations, monopolies

and comparative economic systems.

o Course Pre and/or Co-Requisites: None

o Communication/Computation Skills Requirement (6A-10.030): This course meets

communication/writing-intensive requirements (W)).

Required Texts and Materials:

• Shapiro, D. et al. (2024). Principles of Microeconomics. 3

edition. OpenStax.

https://openstax.org/details/books/principles-microeconomics-3e

Students can use the free online version or download the (free) pdf, or purchase a printed copy of the text

via the link on the OpenStax website.

Course Objectives and Outcomes

• Course Objectives:

o Become familiar with the concepts of supply and demand.

o Learn about consumer theory, budget constraints and preferences.

o Understand firms’ production decisions.

o Contrast different market structures and their impact on firm competition.

• Course Learning Outcomes (CLOs):

1. Define scarcity and opportunity cost and explain how they give rise to gains from trade through

the principle of comparative advantage.

2. Describe determinants of supply and demand and identify factors that shift demand and supply

curves.

3. Identify and explain various causes of market failure.

4. Analyze by using supply and demand, the impacts of market conditions and government policies

on outcomes in product markets, labor markets, and capital markets, and in the short run and in

the long run.

5. Describe the role of consumer preferences and the budget constraint in consumer decision

making and the demand curve.

6. Describe and analyze monopoly, perfect competition, and oligopoly market structures.

BS in Data Science (DS) Program Learning Outcomes (PLO) – Course Learning Outcomes (CLO) alignment

ECO 2023 CLOs

PLOs for BS in Data Science

1. Identify, formulate, and solve broadly defined technical or

scientific problems by applying knowledge of mathematics and

science and/or technical topics to areas relevant to the discipline.

2. Formulate or design a system, process, procedure, or program

to meet desired needs.

3. Develop and conduct experiments or test hypotheses, analyze,

and interpret data and use scientific judgment to draw

conclusions.

b c b c e d

4. Communicate effectively with a range of audiences.

5. Understand ethical and professional responsibilities and the

impact of technical and/or scientific solutions in global, economic,

environmental, and societal contexts.

b d b c e d

6. Function effectively on teams that establish goals, plan tasks,

meet deadlines, and analyze risk and uncertainty.

* Learning level as described in Bloom’s taxonomy and Anderson and Krathwohl’s taxonomy. Each cell indicates the highest level of learning

between each PLO and CLO pair. a = remember; b = understand; c = apply; d = analyze; e = synthesis

BS in Business Analytics (BA) PLO – CLO alignment

ECO 2023 CLOs

PLO for BS in Business Analytics

1. Apply current business analytics concepts, techniques, and

practices to solve business problems.

b b b b c c

2. Analyze a given business problem using appropriate analytics

techniques to generate insights and solutions.

3. Communicate effectively insights, analysis, conclusions, and

solutions to a diverse audience.

* Learning level as described in Bloom’s taxonomy and Anderson and Krathwohl’s taxonomy. Each cell indicates the highest level of learning

between each PLO and CLO pair. a = remember; b = understand; c = apply; d = analyze; e = synthesis

General Education (Gen Ed) PLO – CLO alignment

ECO 2023 CLOs

PLO for Gen Ed

1. Apply appropriate disciplinary methods and theories to the

analysis of psychological, social, cultural, political, and economic

issues or problems.

b b b b c c

2. Describe how political, social, cultural, and economic institutions

influence human behavior.

b c c

3. Describe how individuals interact and behave in political, social,

economic, and psychological environments.

b b b b c c

* Learning level as described in Bloom’s taxonomy and Anderson and Krathwohl’s taxonomy. Each cell indicates the highest level of learning

between each PLO and CLO pair. a = remember; b = understand; c = apply; d = analyze; e = synthesis

Academic Support Resources

• Library: Students can access the Florida Polytechnic University Library through the University website and

Canvas, on and off campus. Students may direct questions to library@floridapoly.edu

• Peer Learning Strategists (PLS): Are specially trained student leaders who help their peers strategize

approaches to course content and work through solution methods. PLS work in collaboration with the

courses they support so the content and methods are aligned with your instructors’ expectations.

Students can meet with a PLS in The Learning Center, which is located on the first floor of the Innovation,

Science and Technology (IST) building in room 1019.

• Academic Success Coaches: All students at Florida Poly are assigned an Academic Success Coach. Your

Academic Success Coach can assist you with academic success strategies. Please visit the Student Success

Center on the second floor of the IST building to meet with an Academic Success Coach.

• Writing Center: Located on the second floor of the IST (2059/2061), the Writing Center helps students to

develop their writing and presentation skills. Consultations are available in person and virtually. For more

detail, visit https://floridapoly.edu/writingcenter

Civility and Collegiality

Faculty and students come to the university for the same reason, which is to participate in a highly professional

educational environment. To that end, both students and faculty are expected to treat each other with mutual

regard and civility. Communication, written, oral and behavioral, between faculty and students must remain

respectful. Within and outside of the classroom, students must refrain from derogatory comments toward the

faculty member and their fellow students, and faculty as well must refrain from derogatory comments toward their

students. Faculty and students should address each other with respect, in accordance with the wishes of the faculty

and the students: for example, no one should be addressed by their last name alone.

Faculty from the outset of a course can and should specify what constitutes activities and behavior that take away

from, that diminish, the educational environment. An individual student’s distracting behavior impedes the

education of fellow students, which itself is a form of disrespect. Civility and collegiality also include respecting each

other’s time: for example, neither students nor faculty should arrive late to class (unless unforeseen, pressing

circumstances prevail); faculty should be present at the posted office hours; and students and faculty should be

punctual when meeting times are scheduled. In more general terms, collegiality means respecting the right of both

faculty and students to participate fully and fairly in the educational enterprise.

Course Policies

• Attendance

o Students in face-to-face (this includes labs and C-courses) courses are expected “to attend all of

their scheduled University classes and to satisfy all academic objectives as defined by the

instructor” (University Policy, FPU-5.0010AP).

o Students are responsible for all materials/content covered (even that which may not be in the

textbook) if they miss class.

o Students must be present in class to receive credit for Team-based Learning activities.

o Missing exams or other in-class assessments without advanced notice will result in 0 grades for

missed assessments.

o I understand that stuff happens, so there is some forgiveness for an occasional absence, as long

as you are almost always there. I reserve the right to lower a student’s course grade due to

habitual absences.

o Lateness: You are expected to make every effort to be on time to class. If for some reason you

must be late, try not to disturb others while entering the classroom--take an empty seat near the

door. Don't trip over half of your classmates' book bags, coats, purses, etc. trying to get to

"your" seat.

• Participation

Students are expected to participate in the classroom experience. My teaching style is very interactive. I

tend to ask many questions during class and occasionally even ask students to work problems on the board.

I also encourage students to ask me questions when something is even the slightest bit unclear (and

especially when you are completely confused!). Please do not be afraid to interrupt a lecture or team-based

activity for a further clarification. Chances are you are not the only one with the same question. Also, don’t

hesitate to speak up if you feel you have something to add that would further the current discussion or

enhance the understanding of the rest of the class.

The use of earbuds/headphones during class is specifically not allowed and students who engage in this

behavior may be asked to leave the class for the day (with the exception, of course, for those who have an

authorized accommodation requiring such devices). In addition, students who routinely do not bring

materials to class that are required for participation, will not be given credit for class attendance, and if this

becomes a pattern of behavior, may be asked to leave the class for the day. Persistent problems with

participation may result in a code of conduct

referral.

• Late Work/Make-up work

Except in extenuating circumstances (e.g. documented illness, etc.) work that is to be completed and turned

in during class (e.g. team-based learning assignments) cannot be made up and are not accepted late.

(Students are able to automatically drop several of their lowest grades on these, so missing an assignment

should not significantly affect your grade). Other assignments (e.g. papers) that are submitted late will be

penalized 10% per day (or part of a day) if submitted past their due date, without advanced arrangements.

Missing an in-class exam without advanced notice will result in a 0 grade.

• Grading Scale

This course is designed to be very rigorous and demanding. You are expected to work hard, actively

participate in class, ask questions when you have any doubts, and perform to the very best of your ability.

Although the material can be challenging, the purpose of this course is to teach you something about

microeconomics and enhance your critical thinking skills, not to destroy your GPA. Grading will be

stringent; however, I strive to grade in the fairest, most unbiased way possible.

The course grade will be computed based on your performance on each assignment, exam, etc. using the

following weights:

Percent of final grade

Individual Quizzes

10%

Team Quizzes

10%

Team Activities

15%

Writing Assignments

20%

Midterm

20%

Final Exam

25%

TOTAL

100%

Your course grade will be computed using the following grading scale:

Grade Percentage

A 93.0% +

A- 90.0% - 92.9%

B+ 87.0% - 89.9%

B 83.0% - 86.9%

B- 80.0% - 82.9%

C+ 77.0% - 79.9%

C 73.0% - 76.9%

C- 70.0% - 72.9%

D+ 67.0% - 69.9%

D 63.0% - 66.9%

D- 60.0% - 62.9%

F 59.9% or less

• Assignment/Evaluation Methods

Your course grade will be determined by your performance on a number of different evaluations.

Team Based Learning Activities: During the first week of class, you will be assigned to a team of 4-6

students. One or two days each week, class time will be devoted to Team Based Learning (TBL) activities.

There are three parts to the TBL activities:

Individual Quizzes: The first is a short quiz (IQ) based on that week’s readings, lectures, and classroom

discussion. These are designed to test your understanding of concepts we have completed before we move on to

new material. You must complete these quizzes ONLINE, on your own, before coming to class. (You will not

receive credit for that week’s Team Quiz, unless you have completed the individual quiz). No makeups are

available for individual quizzes. 10% of course grade (highest 10 IQs count towards your final grade)

Team Quizzes: When you get to class, you will complete a very similar (and sometimes identical) quiz (TQ)

working with your Team. Together you can discuss/debate/clarify any concepts about which there was

confusion/doubt/disagreement. 10% of course grade (highest 10 IQs count towards your final grade)

Team Exercises: The last TBL item is a short assignment generally based on the readings for the coming week.

These are designed to give you the opportunity to become familiar with some terms and concepts you have

encountered in the readings before the classroom lectures. 15% of course grade

Written Assignments: You will complete several short writing assignments for the class. For each, you will

submit a draft and receive peer and/or instructor feedback before submitting the final assignment. These

assignments will give you the opportunity to relate course content to current events or real-world

applications of microeconomic concepts. 20% of course grade

Midterm Exam: A midterm exam will be offered during the term (see tentative calendar). The exam may

be a combination of analytical problems, essays, short answer, true/false and multiple-choice questions.

It may have both an in-class and take-home (or online) component. 20% of course grade

Final Exam: The final exam will be offered during the final exam period as scheduled by the registrar. 25%

of course grade

University Policies

• Reasonable Accommodations

The University is committed to ensuring equal access to all educational opportunities. The University, through the

Office of Disability Services (ODS), facilitates reasonable accommodations for students with disabilities and

documented eligibility. It is the student’s responsibility to self-identify as a student with disabilities and register

with ODS to request accommodations.

If you have already registered with ODS, please ensure that you have requested an accommodation letter for this

course through the ODS student portal and communicate with your instructor about your approved

accommodations as soon as possible. Arrangements for testing accommodations must be made in advance.

Accommodations are not retroactive.

If you are not registered with ODS but believe you have a temporary health condition or permanent disability

requiring an accommodation, please contact ODS as soon as possible.

The Office of Disability Services (ODS):

DisabilityServices@floridapoly.edu

(863) 874-8770

The Access Point

ODS website: www.floridapoly.edy/disability

• Accommodations for Religious Observances, Practices and Beliefs

The University will reasonably accommodate the religious observances, practices, and beliefs of individuals in

regard to admissions, class attendance, and the scheduling of examinations and work assignments. (See

University

Policy.)

• Title IX

Florida Polytechnic University is committed to ensuring a safe, productive learning environment on our campus

that prohibits sex discrimination and sexual misconduct, including sexual harassment, sexual assault, dating

violence, domestic violence and stalking. Resources are available if you or someone you know needs assistance.

You may speak to your professor, but your professors have an obligation to report the incident to the Title IX

Coordinator. Please know, however, that your information will be kept private to the greatest extent possible. You

will not be required to share your experience. If you want to speak to someone who is permitted to keep your

disclosure confidential, please seek assistance from the Florida Polytechnic University Ombuds Office

, BayCare’s

Student Assistance Program, 1-800-878-5470 and locally within the community at Peace River Center, 863-413-

2707 (24-hour hotline) or 863-413-2708 to schedule an appointment. The Title IX Coordinator is available for any

questions to discussion resources and options available.

• Academic Integrity

The faculty and administration take academic integrity very seriously. Violations of academic integrity regulation

include actions such as cheating, plagiarism, use of unauthorized resources (including but not limited to use of

Artificial Intelligence tools), illegal use of intellectual property, and inappropriately aiding other students. Such

actions undermine the central mission of the university and negatively impact the value of your Florida Poly

degree. Suspected violations will be fully investigated, possibly resulting in an academic integrity hearing and

sanctions against the accused student if found in violation. Sanctions range from receiving a zero on the exam or

assignment, to expulsion from the university. Repeat offenders are subject to more severe sanctions and

penalties.

Any “special” instructions that are appropriate for academic integrity and the course should go here.

(It is essential that a heading and a statement on what constitutes, includes, academic integrity be included in the

syllabus, and that the students be made aware of academic integrity at the beginning of a course.)

• Recording Lectures

Students may, without prior notice, record video or audio of a class lecture for a class in which the student is

enrolled for their own personal educational use. Recordings may not be used as a substitute for class participation

or class attendance. Recordings may not be published or shared in any way, either intentionally or accidently,

without the written consent of the faculty member. Failure to adhere to these requirements is a violation of state

law (subject to civil penalty) and the student code of conduct (subject to disciplinary action).

Recording class activities other than class lectures, including but not limited to lab sessions, student presentations

(whether individually or part of a group), class discussion (except when incidental to and incorporated within a class

lecture), and invited guest speakers is prohibited.

Tentative Course Schedule

• Important Dates: https://floridapoly.edu/academics/academic-calendar/index.php

Week

Topic

Reading/Assignments

Week 1

Aug 20-23

Course Intro,

What is Economics?

Chpt 1

IQ1, TQ1, TE1

Week 2

Aug 26-30

Production possibilities frontier, opportunity cost

Chpt 2

IQ2, TQ2, TE2

Week 3

Sept 2-6

No class Sept 2 (Labor Day)

Marginal analysis, comparative advantage

IQ3, TQ3, TE3

Week 4

Sept 9-13

Demand and Supply curves

Chpt 3

IQ4, TQ4, TE4

Week 5

Sept 16-20

Elasticity

Chpt 5

IQ5, TQ5, TE5

Week 6

Sept 23-27

Catchup and review

Midterm Exam

Week 7

Sept 30-Oct 4

Production and costs

Chpt 7

writing assignment

IQ6, TQ6, TE6

Week 8

Oct 7-11

Perfect competition and profit maximization

Chpt 8

IQ7, TQ7, TE7

Week 9

Oct 14-18

Efficiency and Competitive Markets

IQ8, TQ8, TE8

Week 10

Oct 21-25

International Trade and Protectionism

Chpt 19 & 20

IQ9, TQ9, TE9

Week 11

Oct 28-Nov 1

Monopoly

Chpt 9

IQ10, TQ10, TE10

Week 12

Nov 4-8

Imperfect competition

Chpt 10 & 11

IQ11, TQ11, TE11

Week 13

Nov 11-15

No class Nov 11 (Veterans’ Day)

writing assignment

IQ12, TQ12, TE12

Week 14

Nov 18-22

Externalities and/or Public Goods

Withdraw without academic penalty deadline Nov 19

Chpt 12 &/or 13

IQ13, TQ13, TE13

Week 15

Nov 25-29

No class Nov 27 and 29 (Thanksgiving Break)

Week 16

Dec 2-6

Catchup and review

Dec 4 Last day of classes

writing assignment

Final Exams

Dec 9-12

Final Exam

All dates are tentative and subject to change. Indicated readings are from the Shapiro et al. textbook. Other

readings will be made available for each unit via Canvas. IQ = individual quiz, TQ = team quiz, TE = team exercise